VanEd Newslog

US House Financial Services Committee Hearing on Appraisals

The subcommittee on Housing, Community Development and Insurance is holding a hearing entitled “What’s Your Home Worth? A Review of the Appraisal Industry” on June 20, 2019 at 2:00 PM. The hearing is open to the public and can be lived streamed. To find out more about this hearing, go to the US House Financial Services Committee website.

The subcommittee live stream can be found here or below.

 

 

Colorado Division of Real Estate Advisory: New CBS Contract Change and Closing Instructions Form

On May 10, 2019, the Colorado Real Estate Commission (Commission) adopted a change to the Contract to Buy and Sell Real Estate (CBS) forms, and also adopted a new Closing Instructions form. These forms are effective immediately.  VanEd will be including this information into our coursework in the coming few weeks.

Contract to Buy and Sell Real Estate

The only change to all the CBS forms (Residential, Income-Residential, Commercial, Land, and Foreclosure Protection Act – Residential) is in Section 13 – “Transfer of Title”. The modification to this section was due to the recent passing of HB19-1098 (Deeds to Convey Real Estate). 

HB19-1098

As a result, the new section 13 incorporates language that if title is conveyed by a warranty deed, it will be conveyed “subject to statutory exceptions” which are defined in §38-30-113(5)(a), C.R.S.  

You can presently use the current Contracts to Buy and Sell Real Estate or the newly adopted contracts prior to July 1, 2019. As of July 1, 2019, however, only the newly adopted mandatory CBS forms will be acceptable for use in your transactions. 

New CBS Contracts

Closing Instructions

The Commission also adopted a new Closing Instructions form. The new form contains updated sections including “Preparation of Documents” by the closing company regarding the Deed, Bill of Sale, and Closing Statement; “Wire and Other Frauds”; and “FIRPTA and Colorado Withholding”.  You can presently use the current Closing Instructions form or the newly adopted form prior to July 1, 2019. As of July 1, 2019, however, only the newly adopted mandatory Closing Instructions form will be acceptable for use in your transactions.  

Closing Instructions 

President Trump Speaks at the National Association of REALTORS Legislative Meetings & Trade Expo

With all of the happenings this week at the NAR Legislative Meetings and Expo in Washington, D.C. we want to remind everyone that the President will address the members. We are posting the live stream here.

For more information on the meetings, please visit https://www.legislative.realtor/.

 

 

Thank You for the opportunity to serve you in 2018 as we look forward to a Prosperous and Successful New Year!

"Embrace what you don't know, especially in the beginning, because what you don't know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else."                                                                                                                                                                            -- Sara Blakely, Founder, SPANX

Much like this quote, we were uncertain what the end result of our most recent upgrades would be. And over the last two years, our team has completed the integration of our new LMS (Learning Management System) and course delivery platform.  This multi-faceted project now allows us to deliver every VanEd course using responsive web design making for a seamless student experience over any desktop, laptop, tablet, or mobile device.  As this project comes to its conclusion, our team is looking forward to taking the next steps in creating the highest quality educational experience for our students.  

We have been extremely proud of our State and Local Association partnerships and our affiliate relationships that allow us to deliver the highest quality continuing education programs and classes, and have had a tremendously positive impact on our pre-licensing students. Along with our Fusion partners, we have expanded our instructional options while increasing student success. 

A number of years ago we noted in this space that we had been busy creating new programs and courses to meet the critical demands of a changing real estate industry. We know change is hard, and we thank all of our students and partners for their support as we continue to work to meet these challenges.  While we are excited about the coming year and what it will bring. With even more new programs and a slate of talented partners coming on board, we can't wait to show off for our students.

Thank you for your ongoing support, service, feedback, and dedication to the industry. Thank You for trusting VanEd to be your education provider. We truly appreciate your business and look forward to being your trusted resource in the coming years and beyond. Our entire team remains dedicated to serving the best interests of our students, so if you have any questions or ideas for how we can improve please contact us. 

We cheer your success and wish you peace and happiness in the coming year.

Sincerely, and on behalf of the entire VanEd team,

 

                

Burton Lee, MAI, CDEI                         C. Vann Hilty, CRS, CDEI                                                            Managing Partner                               Founding Partner

 

Have questions or comments?  Let us know! Send us an email at info@vaned.com 
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General Advisory: 2019 Commission Approved Contracts and Forms

The Division of Real Estate and the Colorado Real Estate Commission, working in conjunction with the Forms Committee, have adopted and finalized the 2019 mandatory contracts and forms.  Please visit the Division’s Contracts and Forms Web Page to review the red-line and clean drafts for educational purposes.

Click to Visit the Contract and Forms Web Page

 

Contract Use Reminder

• The 2019 contracts and forms are posted for educational purposes only and are not for use before January 1, 2019.  

• The Division will have writeable versions posted to the website prior to January 1st. 
• You will need Adobe Acrobat version 10 or later to access the files.

Please note that the current contracts and forms remain in effect until they are replaced by the new contracts and forms that are effective January 1, 2019.

Colorado Division of Real Estate to host an HOA Forum - Dispute Resolution

This forum will focus on the use of alternative dispute resolution (mediation and arbitration) in HOAs.  Mediation can assist HOAs and their members with resolving issues in a meaningful way and avoid going to court.  This forum will stress the benefits of mediation and how it can be effective in your community.

Forum Benefits

• Attend a forum to learn about the Colorado HOA Information and Resource Center and meet the HOA Information Officer, Shanneyvie Johnson. 
• You will have the opportunity to voice your questions and concerns regarding HOAs. 
• At the forums, helpful resources will be provided alongside a discussion of the rights and obligations of living in an HOA community. Topics and locations change monthly.

Attend Live or Sign-up for the Webcast

Seating is limited, please RSVP to: shanneyvie.johnson@state.co.us, or go to the Division’s Events Calendar and click on the registration link located in the event details for a live webcast.  

Webcast Signup

Finance Friday: Agencies issue statement regarding the impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act

Federal banking agencies today issued a statement detailing rules and associated reporting requirements that are immediately affected by the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).

These changes affect company-run stress testing, resolution plans, the Volcker rule, high volatility commercial real estate exposures, examination cycles, municipal obligations as high-quality liquid assets, and other provisions.

The statement from the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency describes interim positions the regulatory agencies will take before incorporating the changes into their regulations.

• Attachment (PDF)

Instructors: REfresh Expo Taking Speaker Applications

Instructors/Speakers/Trainers and Industry Leaders - Join in for this extraordinary experience for real estate professionals. The REfresh Expo will feature inspiring speakers, lively industry conversations, an interactive expo and unmatched opportunities to engage with other industry professionals. REfresh Expo includes 100 exhibits and over 40 sessions.

We invite you to submit ideas for current topics to help our attendees stay ahead of their competition. The Expo focuses on the future of real estate and how new advancements can help our audience keep up to date in this fast changing industry.

Interested in speaking?

Please submit your proposal today!    Click Here for the Speaker Application

Thank you for your interest in speaking at the REfresh Expo, the region’s newest, most creative and relevant real estate show. We are looking for dynamic speakers who can educate and excite our audience about new advances in the field. Submission deadline is June 8.

Instructors: IDW for Real Estate Instructors coming July 19th

Nebraska Real Estate Commission sponsored

Instructor Development Workshop for Real Estate Instructors

July 19, 2018 (Register by June 15, 2018)

To be held at Southeast Community College, Jack J. Huck Continuing Education Center

301 S. 68^th St Place, Lincoln  NE (Just South of 68^th and O)

Author, Motivational Humorist & Business Strategist Karel Murray DREI (Distinguished Real Estate Instructor) • CSP (Certified Speaking Professional: National Speakers Association) • Bachelor’s degree in human resources • Former regional executive of human resources at a large commercial insurance firm • Award-winning real estate salesperson • Top producing real estate broker/manager • 2013-14 Real Estate Educator’s Association National President • 350+ client audiences throughout the U.S., Canada, and abroad • Author of 4 books •

 

 

Charge:  There is no registration fee.  Once again, this workshop is being sponsored by the Nebraska Real Estate Commission

Schedule:            Registration beginning at 8:30 am

• Continental Breakfast
• Session 1 from 9:00am to 12:00pm
• Lunch on your own
• Session 2 from 1:15pm – 4:15pm

Credit:                  Six (6) hours Continuing Education available at no charge! Must attend entire event.

Register NOW for the 2018 Instructor Development Workshop July 19, 2018.

• Please open the attachment for details and registration form.
• Seating is a finite consideration. Don’t wait!

 

You can open and return the registration form (word doc) found on this page to register for this one-time event.

         Download Registration form

Colorado Broker License Expiration Date Transition Information

As a result of SB17-215 (Concerning the Continuation Under the Sunset Law of the Division of Real Estate), a real estate broker license will now be renewed on or before December 31 of every third (3rd) year after issuance. All licensees will eventually be on a calendar year cycle for their license renewal. In order to accommodate this transition to a calendar year cycle, the Division of Real Estate has established a transition period for license renewals and reinstatements. What does this mean for you?

For an Initial License

Effective January 1, 2018, any license issued will expire on December 31 of the year of issue. There is no mandatory continuing education requirement(s) during this initial license period. Thereafter, a licensee will renew a license on a calendar year cycle commencing on January 1 of year one (1) and expiring on December 31 of year three (3).

Transition Period For License Renewals

A license expiring on one’s anniversary date in the years of 2018, 2019, or 2020, will be renewed for a period of time equal to two (2) years plus the remaining days in the third (3rd) year to reach December 31. (The length of the transition period is dependent on the anniversary date and could be as long as three years or as short as two years and one day.) Licensees are required to complete the mandatory continuing education requirements during the transition licensing period. Thereafter, a licensee will renew a license on a calendar year cycle commencing on January 1 of year one (1) and expiring on December 31 of year three (3). There will be a proration of renewal fees based upon the time of expiration.

For Licensees / Students

VanEd is currently working to update all student accounts to reflect the appropriate license expiration date upon your next renewal.  You may also update this information inside your student account at any time if you see it is incorrect.

To log in to your account now visit VanEd.com.